Market Research Report

Accounting Firm opportunities in Clarksville, TN
$79,224 Potential Yearly Earnings What's this number?
$278,277 Net Present Value What's this number?

  Financial Projections

Based on the parameters below, we project this business would break even in 1.8 years with a net present value of $278,277.

Net Cash Flow over 5 years

Year 0 Year 1 Year 2 Year 3 Year 4 Year 5
Net Revenues $396,122 $594,182 $792,243 $823,513 $856,018
Net Costs $356,509 $534,764 $713,019 $741,162 $770,416
Net Operating Profits $39,612 $59,418 $79,224 $82,351 $85,602
Capital
      Startup Cost -$70,510
      Terminal Value $256,805
Net Cash Flow -$70,510 $39,612 $59,418 $79,224 $82,351 $342,407

Startup costs are estimated as the larger of PYE and median income multiplied by the cost of living in the city. The positive cash flows in years 1 to 5 are estimated from the PYE. The first year is discounted by 50%, the second year is discounted by 75%, the fourth through tenth years are inflated according to a growth rate estimated from the GDP growth rate of the state. The profit margin is defaulted 10%. In year 5 a “terminal value” equal to the year 5 net operating income times three is added. The hurdle rate is defaulted to 15%. All values are net of taxes.

Financial Parameters

Change these parameters to customize your financial model

  Statistical Analysis
How is this opportunity calculated?

The following ten market factors are the most important determinants used to calculate the need for businesses of this type in Clarksville.

  1. median income
  2. July temperature
  3. August temperature
  4. gross rent
  5. population density
  6. land area
  7. house price
  8. business activity
  9. February temperature
  10. nearby population

  Competitors

Accounting firms or individuals that provide accounting, tax filing, or related financial services to clients.

Brown Brown & Associates PC Regional Competitor
309 Poston St Clarksville, TN 37040

Kwik Tax Local Competitor
1579 Fort Campbell Blvd Clarksville, TN 37042

Judd, Trey CPA Local Competitor
1054 Rossview Rd Clarksville, TN 37043

  Suppliers & Service Providers Contact List

  • Free help for entrepreneurs
    Sbdc

    Our professionals can help you get your business going.

    We can help with your business plan! We have expertise and datasets.

       

  • Get a great business loan today!
    Fundera

    Get a business loan that suits your needs.

    Get the business loan you need and want.

       

  • Access angel investors around the U.S.
    Gust

    Get Angels to invest in your business.

    Access angel investment today!

       

  About Clarksville and its Consumers

Clarksville is a city in and the county seat of Montgomery County, Tennessee, and the fifth-largest city in the state behind Memphis, Nashville, Knoxville, and Chattanooga, respectively. The city had a population of 132,957 at the 2010 census, and an estimated population of 142,519 in 2012. Clarksville is the fifth-fastest growing city in the nation, of cities with a population over 50,000. It is the principal central city of the Clarksville, TN-KY metropolitan statistical area, which consists of Montgomery andStewart counties, Tennessee; and Christian and Trigg counties, Kentucky. It is second-fastest-growing Metropolitan Statistical Area (MSA) in the nation. Clarksville is the home of Austin Peay State University; The Leaf-Chronicle, the oldest newspaper in Tennessee; and neighbor to the Fort Campbell, United States Army base. Site of the 101st Airborne Division (Air Assault), Fort Campbell is located approximately ten miles (16 km) from downtown Clarksville, straddling the Tennessee-Kentucky state line. It is officially Fort Campbell, Kentucky as the base U.S. Post Office is on the Kentucky side of the post. The majority of the acreage of Fort Campbell is within the state of Tennessee.

Clarksville is a city in and the county seat of Montgomery County, Tennessee, and the fifth-largest city in the state behind Memphis, Nashville, Knoxville, and Chattanooga, respectively. The city had a population of 132,957 at the 2010 census, and an estimated population of 142,519 in 2012. Clarksville is the fifth-fastest growing city in the nation, of cities with a population over 50,000. It...

description source
  • Population
    Population (2012) 142,519
    Population Density 1,460 ppl/sq mi
    Population Growth Rate 7.2%
    Median Income $42,237
    Median Age 28.6
    Unemployment 8.3%
    Family Household Percent 69.7%
    Avg. Household Size 2.6
    Avg. House Price $135,900
    Foreign Born 4.3%
    Married 30.0%
    Cost of Living 46.7%
  • Average Temperature
    January 36.8°F 2.7°C
    February 41.1°F 5.1°C
    March 49.7°F 9.8°C
    April 59.2°F 15.1°C
    May 67.9°F 19.9°C
    June 76.0°F 24.4°C
    July 79.9°F 26.6°C
    August 78.9°F 26.1°C
    September 71.4°F 21.9°C
    October 59.8°F 15.4°C
    November 49.2°F 9.6°C
    December 39.4°F 4.1°C
  • Demographics
    White 59.6%
    Hispanic / Latino 9.8%
    Black / African American 23.1%
    Asian 2.2%
    Native American 0.6%

  Market & Regulatory Conditions For Tennessee

Third parties rate Tennessee's business and regulatory conditions according to their own methods. We report them here for informational purposes.

  • Small-Business Friendliness
    Overall small business friendliness B-
    Ease of starting a small business B
    Cost of hiring a new employee A
    Overall regulatory friendliness A-
    Friendliness of health and safety regulations B+
    Friendliness of employment, labor, and hiring regulations A-
    Friendliness of tax code A
    Friendliness of licensing regulations A
    Friendliness of environmental regulations A-
    Friendliness of zoning regulations A
    Publicity of training programs A-
    Publicity of networking programs B+
    Current economic health of small business 17th/50
    Change in revenue over past 12 months 16th/50
    Forecast of small business's future economic health 30th/50
    Source: Thumbtack.com (2012)
  • Business Friendliness
    Overall Business Friendliness 14th/50
    Cost of Doing Business 13th/50
    Economy 14th/50
    Infrastructure 4th/50
    Workforce 6th/50
    Quality of life 50th/50
    Technology and innovation 28th/50
    Business friendliness 18th/50
    Education 39th/50
    Cost of living 9th/50
    Access to capital 33th/50
    Source: CNBC (2014)
  • Tax Friendliness
    Tennessee Corporate Tax Rate 7.0%
    Avg Local Corporate Tax Rate in Tennessee 2.5%
    Avg Combined Corporate Tax Rate 9.5%
    Overall tax friendliness 15th/50
    Corporate tax rank 15th/50
    Individual income tax rank 8th/50
    Sales tax rank 47th/50
    Unemployment insurance tax rank 26th/50
    Property tax rank 37th/50
    Source: Tax Foundation (2015)

  Suggested Cities & Businesses

The following cities have the highest PYE for Accounting Firm within 500 miles of Clarksville based on a number of market characteristics. See More Results

The following businesse types have the highest PYE in Clarksville. See More Results